A Loan Shark is not just for Christmas!

It may only be the start of autumn but there is never a bad time to start planning and putting some money aside for Christmas. As ever, the Illegal Money Lending team urges you to avoid borrowing from a Loan Shark if you’re struggling this December. The Trading Standards project warns that Loan Sharks can be incredibly expensive (try 131,000% APR) and a frightening experience. 

Loan sharks often seem friendly at first and will give an easy cash loan, often with no forms or paperwork. They might operate in your local neighbourhood, in a pub, gym or even where you work, making it easy for you to get the money – but then just as easy for them to start to harass you. If you know of a local Loan Shark, or need help, please contact the team on 0300 555 2222, you can also email reportaloanshark@stoploansharks.gov.uk or follow the team on twitter @loansharknews

Please don’t use a Loan Shark this Christmas – you might still be paying them back next Christmas.

If you need help, search under debt on the Surrey Family Information Directory for local debt advice and support.

Other helpful links:


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